The USD/CHF pair initially fell during the course of the day on Tuesday but shot higher in order to show signs of bullish pressure still. With that being
The USD/CHF pair initially fell during the course of the day on Tuesday but shot higher in order to show signs of bullish pressure still. With that being the case, the market looks as if it is still going to try to reach towards the parity level. With that being the case, the market should continue to offer buying opportunities on short-term pullbacks, and therefore we will stick to short-term charts. We have no interest in selling this market, and as a result we are waiting to see if we can get above parity before we hang onto a longer-term trade.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
